How to go about securing the best policy for your insurance in Canada.
Latest News
Want to save money as a renter? Don’t cheap out on these 5 things Jan 3rd
Whether you’re building your savings account or getting a rush from buying items on sale, there’s something deeply satisfying about saving money.
But determining when saving is truly worth it is an important part of managing your money. While some deals do save you cash upfront, you mig.... More »
What types of insurance do I really need and which can I live without? Oct 7th
Life, disability, critical illness. The world of insurance can be confusing. A financial planner weighs in on the ones you might want to consider..... More »
Renting vs. buying: Which is the better option? Aug 20th
The rent-versus-buy debate has long divided financial experts and aspiring home owners, with no clear winner in sight.
The traditional argument holds: While buying a home can build long-term equity and stability, renting can provide flexibility and fewer upfront costs. But as home ownership becom.... More »
Before you buy, here’s how to compare home insurance Aug 8th
Home insurance is important, but no one loves paying for it. That’s why people like to open their browsers and search for “cheap home insurance” and “how to save on home insurance.”
Any insurance professional will tell you that there’s no easy answer for cheap and full coverage,.... More »
BMO Ascend World Elite Mastercard review Dec 10th
The BMO Ascend World Elite Mastercard is just one card in BMO’s premium lineup. It offers a points-based rewards program through BMO Rewards, 5x the points on travel purchases, flexible redemption options, and usually a large welcome bonus. We’ll break it all down below so that you can decide if.... More »
Bring back the $10,000 TFSA
– moneysense.ca
(Getty Images)For those who pay attention to what politicians are up to on taxes, consider that since 2015, the focus has mostly been on raising them. From Atlantic Canada to Alberta, British Columbia and federally, new brackets were invented and other rates raised; in addition, new and higher taxes are yet to come including a federal carbon tax.
Even the new Progressive Conservative government of Brian Pallister in Manitoba, elected last year on opposition to a sales tax increase by the previous government, is toying with new taxes, including a carbon tax and higher taxes on insurance products.
One rare exception to this flurry of higher tax activity was in 2016 when the federal government dropped the rate for one middle income bracket, to 20.5 per cent from 22 per cent.
Middle-class Canada takes a hit
Regrettably, as the Fraser Institute discovered last week, that change wasn’t enough to offset the removal of many boutique tax credits. The net result was that 81 per cent of middle class taxpayers saw their taxes rise, and on average pay $840 more annually…
'A complete joke': Laid-off Sears workers say hardship fund cash amounts to nothing after EI cut
– cbc.ca
Laid-off Sears Canada workers say the hardship fund set up to help them is pointless because any payout counts as income and is deducted from their employment insurance benefits.
